INSOLVENCY experts have said they are starting to see signs of business growth across the region.

According to its latest Business Distress Index, insolvency trade body R3 has found that a record 73% of firms in the region now share at least one key indicator of growth.

The indicators of growth are investment in equipment, increased sales volume, business expansion, increased profits and growing market share.

R3 Midlands spokesman Simon Baigent, a partner at Freeth Cartwright, in Derby, said: "These latest results are a welcome sign that the recovery is bedding in and gaining ground. This is highly encouraging."